Former Microsoft CEO to Buy Clippers

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former-microsoft-ceo-steve-ballmerThe Los Angeles Times reports that former Microsoft CEO Steve Ballmer will buy the Clippers from current co-owner Shelly Sterling for $2 billion. However, The Associated Press and NBC Los Angeles cite sources saying that bids are still being negotiated.

Ballmer’s competitors including Tony Ressler and Steve Karsh and a group including David Geffen and executives from the Guggeinheim Group.

When a deal is reached, it must still be cleared by Donald Sterling, who controlled the team for over three decades before he was caught on tape insulting African-Americans. It will also need the blessing of 29 other NBA owners, who are expected to approve as long as Ballmer pledges again to keep the team in L.A. and not move them to Seattle, where he lives. Read more at the Los Angeles Times.

{Andy Heller-Matzav.com Newscenter}


2 COMMENTS

  1. This is very significant!
    If there is someone that you don’t like for whatever reason- tape him saying a racist remark, hand it over to authority, and they will sell his assets.
    Sounds good to me…

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